Thermoset Molding Compound Market Profiling Players (Hitachi Chemical, Cosmic Plastics) with In-Depth Analysis on Recent Trends and Growth Opportunities During 2020-2025

Global Thermoset Molding Compound Market overview:

The report " Thermoset Molding Compound Market” The quick adoption of advanced Analytics and Visualization and the expand use of outward data sources are the major drivers of the Thermoset Molding Compound Market. The report high Point, Potential Growth Opportunities in the coming years and covers a review of the Market Drivers, Growth Measure, Competitive Landscape, Market Dynamics, Opposition and other Feature to the Thermoset Molding Compound Market.

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The properties of thermoset molding compounds such as high-heat resistance, dimensional stability, and electrical insulation capability makes them ideal material for several end-use applications. These are highly used in electrical & electronics applications owing to its toughness, resistance to several environmental factors, stability, and flame resistance. It delivers superior performance as compared to other substitute products such as metals and thermoplastics. As these are generally stronger than thermoplastics due to the polymer cross-linking and are better suited for high temperature applications. Moreover, the factors such as need for weight reduction in aerospace & transportation and rise in demand for thermally stable & corrosion resistance components drive the growth of thermoset molding compounds market. However, volatile crude oil prices and regulatory challenges associated with these compounds are projected to hamper the market growth.

On the basis of Product Type, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

1 Phenolic Resin

2 Epoxy Resin

3 Polyester Resin

4 Urea Formaldehyde Resin

5 Melamine Formaldehyde Resin

Based on End Users/Applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including

1 Automotive

2 Aerospace

3 Electrical & Electronics

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Asia Pacific was a prominent market for Thermoset Molding Compounds in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Thermoset Molding Compound market in Asia Pacific. There are several manufacturers of Thermoset Molding Compounds in Europe and North America. In North America, the demand for Thermoset Molding Compounds is primarily driven by the residential sector. Improved standards of living and rising usage of Thermoset Molding Compounds for flooring purpose are anticipated to drive the market in North America.

Some of the major players that operate in the Global Thermoset Molding Compound Market are Hitachi Chemical Company, Cosmic Plastics, Chang Chun Plastics, Saudi Basic Industries Corporation, Nan Ya Plastics Corporation, Allnex Belgium, Georgia-Pacific Chemicals, Jiangsu Tianxin Chemical, Mitsui Chemicals, Chemiplastica.

Latest Industry Updates:

Hitachi Chemical Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; President and CEO: Hisashi Maruyama; hereinafter “Hitachi Chemical”) announces that its Yokohama Site (Yokohama City, Kanagawa Prefecture) which commenced operation in April 2018 as a contract development and manufacturing facility for regenerative medicine products has obtained a license for manufacturing regenerative medicine products under the administrative jurisdiction of the Kanto-Shinetsu Regional Bureau of Health and Welfare, stipulated in the Pharmaceutical Affairs Law(1) as of June 2, 2020.

Regenerative medicine refers to treatment methods for transplanting cells derived from in-vitro cultures into the body in order to restore tissues, organs or immune functions damaged by injury or disease. These methods include cancer immunotherapy(2) and cell therapies using somatic stem cells(3) and iPS cells(4). With a notable increase in clinical applications in recent years, especially in cancer immunotherapy and somatic stem cell therapy, early establishment of a regenerative medicine market has been anticipated.

Hitachi Chemical acquired PCT, LLC, a Caladrius Company (currently Hitachi Chemical Advanced Therapeutics Solutions, LLC), a leading cell manufacturing contractor in the United States, in March 2017. To take advantage of its technology and operation knowhow relating to the development and manufacturing of regenerative medicine products, Hitachi Chemical established the Yokohama Site as a facility focused on cell development and contract manufacturing services and launched full operation in April 2018. A year later in April 2019, Hitachi Chemical acquired apceth Biopharma GmbH, a Germany-based firm undertaking contract manufacturing of regenerative medicine products mainly for pharmaceutical companies in Europe and the United States. Through these efforts, the Hitachi Chemical Group has been expanding its business of contract manufacturing of regenerative medicine products globally, thus far operating five sites: three sites in the United States (one in Mountain View, California; two in Allendale, New Jersey), one site in Japan (Yokohama City, Kanagawa Prefecture) and one European site (Munich, Germany).

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Table of Contents:

1 Thermoset Molding Compound Definition

2 Global Thermoset Molding Compound Market Major Player Share and Market Overview

3 Major Player Thermoset Molding Compound Business Introduction

4 Global Thermoset Molding Compound Market Segmentation (Region Level)

5 Global Thermoset Molding Compound Market Segmentation (Product Type Level)

6 Global Thermoset Molding Compound Market Segmentation (Industry Level)

7 Global Thermoset Molding Compound Market Segmentation (Channel Level)

8 Thermoset Molding Compound Market Forecast 2020-2024

9 Thermoset Molding Compound Segmentation Type

10 Thermoset Molding Compound Segmentation Industry

11 Thermoset Molding Compound Cost Analysis

12 Conclusion

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